Top Space Stocks To Watch Now - August 5th

Key Points

• Seven leading space stocks, including Alphabet, Boeing, and Berkshire Hathaway, are noted for their strong trading volume and engagement in the expanding commercial space sector.
• Alphabet Inc. recently traded at $194.87, with significant metrics such as a market capitalization of $2.36 trillion and a price-to-earnings ratio of 20.78.
• Axon Enterprise reached $852.27 per share with a notable price-to-earnings ratio of 205.86, reflecting its robust position in the market, particularly in law enforcement technology.

Alphabet, Eaton, Berkshire Hathaway, Axon Enterprise, Transdigm Group, Boeing, and Amphenol are the seven Space stocks to watch today, according to MarketBeat's stock screener tool. Space stocks are shares of publicly traded companies whose core businesses involve space-related activities—such as satellite manufacturing, rocket launches, space tourism, and extraterrestrial communication or observation services. Investors in space stocks seek exposure to the rapidly growing commercial space sector, betting on advances in launch technology, satellite broadband, and other applications from the expanding “NewSpace” economy. These companies had the highest dollar trading volume of any Space stocks within the last several days.

Alphabet (GOOGL)

Alphabet Inc. offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.

Shares of Alphabet stock traded down $0.17 on Tuesday, reaching $194.87. The company's stock had a trading volume of 18,009,137 shares, compared to its average volume of 36,998,148. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.07. Alphabet has a 52 week low of $140.53 and a 52 week high of $207.05. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 20.78, a P/E/G ratio of 1.28 and a beta of 1.01. The firm's fifty day simple moving average is $178.85 and its two-hundred day simple moving average is $172.81.

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Eaton (ETN)

Eaton Corporation plc operates as a power management company worldwide. The company's Electrical Americas and Electrical Global segment provides electrical components, industrial components, power distribution and assemblies, residential products, single and three phase power quality and connectivity products, wiring devices, circuit protection products, utility power distribution products, power reliability equipment, and services, as well as hazardous duty electrical equipment, emergency lighting, fire detection, explosion-proof instrumentation, and structural support systems.

Shares of Eaton stock traded down $24.20 during trading hours on Tuesday, hitting $360.56. The company's stock had a trading volume of 4,853,460 shares, compared to its average volume of 3,062,089. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.84 and a current ratio of 1.31. The company has a market cap of $141.09 billion, a PE ratio of 36.34, a PEG ratio of 2.88 and a beta of 1.18. Eaton has a 12-month low of $231.85 and a 12-month high of $399.56. The business has a 50 day moving average price of $352.19 and a two-hundred day moving average price of $317.69.

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Berkshire Hathaway (BRK.B)

Berkshire Hathaway Inc., through its subsidiaries, engages in the insurance, freight rail transportation, and utility businesses worldwide. The company provides property, casualty, life, accident, and health insurance and reinsurance; and operates railroad systems in North America. It also generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources; operates natural gas distribution and storage facilities, interstate pipelines, liquefied natural gas facilities, and compressor and meter stations; and holds interest in coal mining assets.

NYSE BRK.B traded up $7.08 during trading hours on Tuesday, hitting $466.19. 3,325,354 shares of the company were exchanged, compared to its average volume of 4,892,128. The stock has a market cap of $1.01 trillion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. The stock has a 50-day moving average price of $484.64 and a 200 day moving average price of $497.04. Berkshire Hathaway has a 52 week low of $415.10 and a 52 week high of $542.07.

Read Our Latest Research Report on BRK.B

Axon Enterprise (AXON)

Axon Enterprise, Inc. develops, manufactures, and sells conducted energy devices (CEDs) under the TASER brand in the United States and internationally. It operates through two segments, Software and Sensors, and TASER. The company also offers hardware and cloud-based software solutions that enable law enforcement to capture, securely store, manage, share, and analyze video and other digital evidence.

Shares of AXON traded up $107.39 during midday trading on Tuesday, hitting $852.27. 1,635,439 shares of the company's stock traded hands, compared to its average volume of 702,566. The company has a current ratio of 2.83, a quick ratio of 2.62 and a debt-to-equity ratio of 0.68. The firm's fifty day moving average is $764.81 and its 200-day moving average is $658.28. Axon Enterprise has a 1 year low of $286.19 and a 1 year high of $885.92. The stock has a market capitalization of $66.35 billion, a price-to-earnings ratio of 205.86, a price-to-earnings-growth ratio of 82.76 and a beta of 1.36.

Read Our Latest Research Report on AXON

Transdigm Group (TDG)

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

TDG traded down $222.98 during midday trading on Tuesday, hitting $1,386.01. 918,761 shares of the company were exchanged, compared to its average volume of 276,746. The company's 50 day simple moving average is $1,511.56 and its 200 day simple moving average is $1,409.78. The firm has a market capitalization of $77.85 billion, a price-to-earnings ratio of 46.80, a price-to-earnings-growth ratio of 3.20 and a beta of 1.07. Transdigm Group has a 1-year low of $1,183.60 and a 1-year high of $1,623.82.

Read Our Latest Research Report on TDG

Boeing (BA)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.

BA stock traded up $3.04 during mid-day trading on Tuesday, reaching $225.38. 3,554,246 shares of the company's stock were exchanged, compared to its average volume of 8,575,075. Boeing has a 12-month low of $128.88 and a 12-month high of $242.69. The company has a market cap of $170.43 billion, a price-to-earnings ratio of -13.64 and a beta of 1.48. The stock's 50 day moving average is $215.62 and its 200 day moving average is $189.33.

Read Our Latest Research Report on BA

Amphenol (APH)

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems.

APH traded down $0.58 during trading on Tuesday, reaching $108.05. The company's stock had a trading volume of 7,093,851 shares, compared to its average volume of 8,564,003. The company has a market cap of $131.92 billion, a price-to-earnings ratio of 43.01, a PEG ratio of 1.74 and a beta of 1.13. The company has a quick ratio of 1.46, a current ratio of 2.02 and a debt-to-equity ratio of 0.61. The firm has a fifty day simple moving average of $97.45 and a two-hundred day simple moving average of $80.03. Amphenol has a 1 year low of $56.45 and a 1 year high of $109.90.

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